Elston launches SMA offering via HUB24
Elston Asset Management has announced a strategic partnership with Brisbane-based wealth management firm, Quill Group to launch a private label separately managed account (SMA) offering via HUB24.
Elston head of distribution, Mark Smith said: “The team at Quill have long recognised the benefits of managed accounts in delivering not only some great outcomes for their clients but also greater scale and efficiencies for their business”.
Elston currently offers a range of SMA models across HUB4, Macquarie, and Netwealth and manages around $1.4 billion through managed account structures on behalf of clients across Australia.
The firm has off-the-shelf models and works with licensees looking to partner with a managed accounts specialist to develop their own private label SMA.
Quill Group chief executive, Peter Kirk, said: “The team at Elston were responsive to our needs and understood the change management required internally for our business as well as the practical difficulties of transitioning clients monies on to managed accounts”.
“Their experience in this area was invaluable in assisting us understand the process and make for a seamless transition.”
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